The Bureau of Labor and Statistics (BLS) reported there were 209,000 jobs created in June which was weaker than the expectations of 340,000.

But… Leisure and Hospitality only added 21,000 jobs. If we look back to my previous posts it’s helps clarify why this is an important trend. Think back last year when this sector was adding jobs let and right and not slowing down after the pandemic layoffs. We are now seeing a dramatic slowdown.

Have a great weekend and always here to help.